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Net Income Per Share Attributable to Common Stockholders (Tables)
9 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Income Per Share, Basic and Diluted
The following table presents the reconciliation of the numerator and denominator for calculating basic and diluted net income per share (in thousands, except per share data):
Three Months Ended December 31,Nine Months Ended December 31,
2023202220232022
Numerator
Net income$47,956 $33,468 $106,964 $82,150 
Denominator
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, basic
186,309 192,805 191,302 192,963 
Dilutive effect of stock options14,065 19,118 15,737 20,491 
Dilutive effect of common stock warrants43 122 96 144 
Dilutive effect of other share-based awards46 20 130 58 
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, diluted
200,463 212,065 207,265 213,656 
Net income per share attributable to Class A and Class B common stockholders:
Basic$0.26 $0.17 $0.56 $0.43 
Diluted$0.24 $0.16 $0.52 $0.38 
The dilutive effect of stock options, common stock warrants, RSUs, PSUs, and the ESPP is reflected in diluted earnings per share using the treasury stock method.
Antidilutive Securities Excluded from Computation of Net Income Per Share
Certain potentially dilutive securities have been excluded from the calculation of diluted net income per share during the applicable periods because their inclusion would have been anti-dilutive (in thousands):
Three Months Ended December 31,Nine Months Ended December 31,
2023202220232022
Other share-based awards1,583 1,291 1,268 491 
Common stock warrants516 516 516 516 
Total2,099 1,807 1,784 1,007